Easy Trip Planners Limited (EaseMyTrip.com) witnessed an extraordinary surge in its share price, jumping nearly 14% during morning trade on November 29, 2024. This significant uptick coincided with the stock turning ex-bonus, marking a crucial day for investors.
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Easy Trip Share Price: Bonus Share Details
The company’s board made a significant announcement regarding bonus shares:
- Ratio: 1:1 bonus share issuance
- Total shares to be issued: 1,77,20,40,618
- Face value: ₹1 per share
- Financing: Through available reserves of ₹3,973.96 million
Implementation Timeline
- Board approval date: October 14, 2024
- Record date: November 29, 2024
- Revised due to trading holiday on November 20
Market Implications
The bonus issue represents a significant corporate action that reflects:
- Strong financial position
- Commitment to shareholder value
- Market confidence
- Growth prospects
The company’s decision to utilize ₹1,772.04 million from its reserves for this bonus issue demonstrates its robust financial health and commitment to maintaining strong shareholder relationships. The consistent pattern of bonus issues, coupled with strong operational performance, suggests a sustainable growth trajectory for Easy Trip Planners Limited.
Historical Context
The company has maintained a consistent record of rewarding shareholders:
- First bonus issue: February 28, 2022 (1:1 ratio)
- Second bonus issue: November 21, 2022 (3:1 ratio)
- Current issue: Third bonus share announcement
Financial Performance
Q2FY25 Highlights
The company demonstrated strong financial metrics:
- Revenue: ₹1,447 million (21% YoY growth)
- EBITDA: ₹423 million (28.2% margin)
- PAT: ₹259 million (17.3% margin)
Operational Metrics
- Gross Booking Revenue: ₹20,756 million
- Hotel nights booking: ₹2,414 million (178.4% YoY growth)
- Other bookings: ₹407 million (19.4% growth)
Read More: Enviro Infra Share Price: Impressive Market Debut with 48.6% Premium
FAQs
Q1: What impact will the bonus share issue have on shareholders’ investments?
The 1:1 bonus issue effectively doubles the number of shares held by existing shareholders without affecting their proportional ownership. While the market price typically adjusts post-bonus issue, it makes the stock more accessible to retail investors and potentially increases liquidity.
Q2: How does Easy Trip’s current bonus issue compare to its previous ones?
This is the company’s third bonus issue since 2022, showing a consistent pattern of rewarding shareholders. While the previous issues were in ratios of 1:1 and 3:1, the current 1:1 ratio maintains the company’s tradition of significant shareholder value addition.
